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Base oils are used in lubricants for the automotive sector

Focus Asia Group II base oils offers up on crude gains, snug supply

Focus article by Jasmine Khoo

SINGAPORE (ICIS)--Asia's Group II heavy grade base oils offers were on the rise following crude price stability and increasingly snug spot availability, market sources said on Friday.

Following relentless plunge in upstream crude futures throughout the last quarter of 2014, rebound in crude values is lending confidence to regional Group II sellers and has boosted selling ideas.

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